Bitcoin: Rebounds to $60K From 21-Month Low

Bitcoin climbed off its 21-month low to $60135.67 as softer economic prints reduced immediate rate-hike pressure.

Price sits inside the Bollinger Bands with upper resistance at $60793.26 while the 50-EMA at $60431.82 caps upside; a rejection here would target the 200-EMA at $65292.73 only after a pullback to lower-band support near $58260.15. The MACD golden cross at -294.21 signals building momentum even as RSI at 53.53 stays neutral, suggesting limited exhaustion.

Traders watching BTC price action now focus on whether sustained soft data can push Bitcoin through the upper band before any deeper retrace to the 50-EMA confluence zone.